Nrma, LLC
Nrma, LLC is a hedge fund based in New York, New York. According to its most recent Form D, filed Jan 8, 2026, the fund has sold $1,079,210,105 of interests to 271 investors since its first sale in Sep 2010. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Maplelane Capital, LLC; Net Return Asset Management, LLC.
Performance
No verified returns have been reported for this fund. As a rough guide, Maplelane Capital, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +38.1% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +82.9% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $1,079,210,105Cumulative sales reported on Form D
- Investors
- 271
- First sale
- Sep 1, 2010
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Maplelane Capital, LLC; Net Return Asset Management, LLC
- Latest Form D
- Jan 8, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Nrma, LLC
What is the minimum investment for Nrma, LLC?
Nrma, LLC's latest Form D, filed Jan 8, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Nrma, LLC?
Nrma, LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Nrma, LLC raised?
Nrma, LLC reports $1,079,210,105 sold from 271 investors on its Form D filed Jan 8, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Nrma, LLC based?
Nrma, LLC is based in New York, New York and is managed by Maplelane Capital, LLC.
When did Nrma, LLC launch?
Nrma, LLC reports its first sale in Sep 2010.
Size compared with every hedge fund
Raised more than 88% of the 2,544 hedge funds based in New York, and more than 90% of all 10,308 that report sales.